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Iraq signs initial agreement to build oil refinery near Mosul in north

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A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019. REUTERS/Essam Al-Sudani
A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019. (File photo: Reuters)

Iraq signs initial agreement to build oil refinery near Mosul in north

Reuters, Baghdad

Published: Updated:

Iraq has signed an initial deal with Swedish SEAB and Turkey’s Limak to build a 70,000-barrels-per-day oil refinery near the northern city of Mosul, the oil ministry said on Thursday.

The refinery will use the heavy crude oil from the northern Qayyara oilfield to produce fuels, said oil ministry officials, without giving an estimated cost of the project.

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Read more:

Oil demand to top pre-COVID pandemic level next year: OPEC

Iraq, TotalEnergies agree $27 billion of oil, solar projects

Iraq plans to increase oil production to 8 mln bpd by 2027

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